SUBSCRIBER NOTE: Platts clarifies methods for bilateral OTC deals

S&P Global Platts has clarified its methodology regarding the inclusion of bilateral, non-brokered trades in its daily US OTC thermal coal assessments.

Platts will consider all trades for inclusion in its OTC assessments, including bilateral, non-brokered deals confirmed by at least one counterparty, are verified to conform to the relevant quality specifications for the underlying coal product, are confirmed to have taken place no later than 2:30 pm Eastern time and are free of adjustments based on credit or other special requirements.

Please see part VII of the Platts Coal Methodology & Specifications guide for further details.

Please address any questions or comments to coal@platts.com and pricemethodology@platts.com.